president obama supports raising the minimum wage to $10.10 an hour over the next two years, but not everyone thinks that is a good idea, with some saying it will actually hurt the economy. joining me now, portfolio manager at capitalist pig hedge fund and a regular on fox. jonathan, good to see you. okay, should the minimum wage be increased and should it be the same across the country, state by state, i'm talking about. if not, what would you base it on, market to market, let's start there, jonathan. >> well, wages are not arbitrary. they're not based on whim and feeling. they're actually based on productivity and the demand for supply and labor. so the wages, resulting in job losses, especially among the fast food works working in this job. and the finding about minimum wage was the determination of the labor department back in 1938 when the first minimum wage was enacted. in effect, it is discrimination, it says to a low skilled worker if you can't produce at $15 an hour you can't produce at all. and of course, it says to the employer you can't hire them either. so it is a lose/l